By Wendy Van Sickle
Columbus, Ohio, July 10 – Citigroup Global Markets Holdings Inc. priced $1.59 million of 0% autocallable securities due July 5, 2024 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a premium of 11.4% annualized if each asset closes at or above its initial level on any annual call valuation date.
The premium for the final valuation date is 45.6% and will be paid if each index finishes at or above its initial level.
Otherwise, the payout at maturity will be par unless either underlying asset finishes below its 70% trigger level, in which case investors will lose 1% for every 1% that the worst performing index declines from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying assets: | S&P 500 index, Russell 2000 index
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| Amount: | $1,593,000
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| Maturity: | July 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 45.6% if each index finishes at or above initial level; par if least-performing underlying asset falls but finishes at or above trigger level; otherwise, 1% loss for every 1% that least-performing index declines from initial level
|
| Call: | At par plus a premium of 11.4% per year if each asset closes at or above its initial value on any annual call valuation date
|
| Initial levels: | 3,115.86 for S&P, 1,427.314 for Russell
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| Trigger levels: | 2,181.102 for S&P, 999.12 for Russell; 70% of initial values
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| Pricing date: | July 1
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| Settlement date: | July 7
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17328VZM5
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